Distinguish between:Exports and Imports – InterviewSolution

1.

Distinguish between:Exports and Imports

Answer»

Exports	Imports
It is the selling of domestically produced goods and services to any foreign country.	It is the buying of internationally produced goods and services by the domestic country.
In exports, goods flow out of the economy	In imports, goods flow into the economy.
Here, foreign exchange is earned by the economy.	Here, foreign exchange flows out of the economy

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